Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Sees Significant Growth in Short Interest

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 20,400 shares, a growth of 30.8% from the October 31st total of 15,600 shares. Based on an average daily volume of 34,000 shares, the days-to-cover ratio is presently 0.6 days.

Invesco BulletShares 2030 Municipal Bond ETF Stock Performance

NASDAQ BSMU traded up $0.07 on Friday, hitting $22.06. The stock had a trading volume of 14,121 shares, compared to its average volume of 29,648. Invesco BulletShares 2030 Municipal Bond ETF has a 52-week low of $21.51 and a 52-week high of $22.80. The firm has a 50-day moving average of $21.96 and a 200-day moving average of $21.94.

Invesco BulletShares 2030 Municipal Bond ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 18th were paid a $0.0539 dividend. The ex-dividend date of this dividend was Monday, November 18th.

Institutional Trading of Invesco BulletShares 2030 Municipal Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in Invesco BulletShares 2030 Municipal Bond ETF by 6.7% in the 3rd quarter. D.A. Davidson & CO. now owns 10,350 shares of the company’s stock worth $229,000 after purchasing an additional 650 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Invesco BulletShares 2030 Municipal Bond ETF by 6.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 17,551 shares of the company’s stock worth $389,000 after purchasing an additional 1,123 shares in the last quarter. MML Investors Services LLC lifted its stake in Invesco BulletShares 2030 Municipal Bond ETF by 8.9% in the 3rd quarter. MML Investors Services LLC now owns 13,862 shares of the company’s stock worth $307,000 after purchasing an additional 1,128 shares in the last quarter. Horizons Wealth Management raised its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 23.4% during the 2nd quarter. Horizons Wealth Management now owns 6,595 shares of the company’s stock valued at $145,000 after buying an additional 1,250 shares in the last quarter. Finally, First Command Advisory Services Inc. raised its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 82.1% during the 2nd quarter. First Command Advisory Services Inc. now owns 3,746 shares of the company’s stock valued at $82,000 after buying an additional 1,689 shares in the last quarter.

About Invesco BulletShares 2030 Municipal Bond ETF

The Invesco BulletShares 2030 Municipal Bond ETF (BSMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade AMT-Free municipal bonds that mature by the end of 2030. BSMU was launched on Sep 16, 2020 and is managed by Invesco.